Section 365-240-030 - Annual report to the department of commerceJurisdictions must submit a report to the department by October 1st annually with the following information pertaining to the most recent fiscal year. Reports submitted by a lead jurisdiction or managing entity pursuant to an interlocal agreement must be accompanied by contract language designating the responsible entity for submitting annual reports and ensuring their accuracy.
The first report will be due October 1, 2020, and annually thereafter.
(1) General: (a) All references made in this section to funds, funds pooled, or funds utilized or bonded against are in regard to those derived from a jurisdiction's affordable and supportive housing sales and use tax distribution from the department of revenue for the corresponding fiscal year.(b) An annual report submitted by a lead jurisdiction or managing entity pursuant to an interlocal agreement must be accompanied by agreed language designating it as the responsible party for report timeliness and accuracy.(c) Information submitted by a lead jurisdiction or managing entity pursuant to an interlocal agreement must include the total combined revenue collection and program activities for all jurisdictions subject to the agreement. A separate report on revenue collection and program activities must be submitted for each jurisdiction choosing to additionally expend funds outside the agreement, if applicable.(d) All reports submitted pursuant to this section must include contact information for the preparer.(2) Revenue collection: (a) Total affordable and supportive housing sales and use tax distribution for the reporting jurisdiction(s);(b) Applicable affordable housing and supportive housing sales and use tax rate(s) for the reporting jurisdiction(s);(c) If an interlocal agreement is in place, the total revenue utilized jointly pursuant to the agreement;(d) If an interlocal agreement is in place, the total revenue utilized by jurisdiction(s) separately, not according to the terms of the agreement.(3) Program activities: (a) Total funds committed;(b) Number, types, and status of projects supported with funds;(c) Degree of leverage with other public and private funds;(d) Total funds utilized for rent assistance; and(e) Duration of affordability for projects supported with funds.(4) Program outputs: (a) Total funds committed for loans and grants;(b) Total funds obligated to support bonding activities;(c) Total funds committed for operations and maintenance of new units of affordable or supportive housing;(d) Total funds spent on administrative costs associated with administering this section, not to exceed 10 percent of the annual tax distributed to the jurisdiction;(e) Total number of households served with funds used for rent assistance; and(f) Target populations served with funds.Wash. Admin. Code § 365-240-030
Adopted by WSR 20-09-064, Filed 4/13/2020, effective 5/14/2020Amended by WSR 24-04-016, Filed 1/26/2024, effective 2/26/2024